Carrington’s Sharga: We are not creating another housing bubble

But "this is not the 2005 market," he said. "We are not creating a bubble." Sharga says the lack of available home inventory is the reason why home prices are rising. New-home inventories are at their lowest level in more than 30 years, he said. "Very few markets are anywhere near where we were at the peak," he said.

"From my perspective, we’re not in the housing bubble," Sharga said. "Prices can’t continue to outpace wage growth by 2-3 times indefinitely. Although one-third of metros appear to be overpriced, on a national basis, home values are certainly not in bubble territory." Affordability too was better than it looked, though it was weakened.

 · Recently, five housing experts weighed in on the question. Rick Sharga, Executive VP at Ten-X: “We’re definitely not in a bubble.” “We have a handful of markets that are frothy and probably have hit an affordability wall of sorts but.while prices nominally have surpassed the 2006 peak, we’re not talking about 2006 dollars.”

We are not creating a bubble." It is the shortage of inventory that is causing prices to rise. As prices rise, more sellers will be induced to sell, and more foreclosures are expected to hit the market within the next 12 months.

But Sharga feels confident "we are not creating a bubble." The real estate expert showed the crowd a chart provided by Trulia that revealed the average price increase is 3.6% per year, putting the housing market almost exactly where it should be if there was no burst.

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What we see is prices rise, sales activity slows down, prices weaken and then sales pick back up," said Carrington Mortgage Holdings Executive Vice President Rick Sharga. "It’s the way a housing market is supposed to behave in a normal environment. But it’s been so long since we’ve seen a normal environment that we forget how it’s supposed to.

04/19/2018 This is just Roseanne’s five minutes of fame this decade. Don’t worry, she’ll make an ass of herself yet again and disappear into obscurity for another 10 years. Carrington’s Sharga: We are not creating another housing bubble Recently, five housing experts weighed in on the question. Rick Sharga, Executive VP at Ten-X: "We.